Recap | Spotted at Consensus New York: eBay hints at crypto acceptance | Bitfinex CTO says $1 billion fund raise complete, is it good for the crypto market? | Binance and Coinbase see spike in traffic
|CryptoSlate||May 13, 2019|| 5|
Welcome to CryptoSlate Recap, our daily newsletter containing links to some of the top blockchain stories on CryptoSlate and across the web.
It’s Monday and the start of New York Blockchain Week and Consensus 2019.
Many prominent companies in the blockchain space will be making big announcements this week, including us–you can expect to learn more tomorrow.
eBay could be about to enter the crypto world. If advertisements at the Consensus conference in New York are true, the e-commerce giant could be adopting crypto payments in the immediate future.
According to Paolo Ardoino, the chief technology officer (CTO) of Bitfinex, the crypto exchange has completed fundraising of $1 billion in tether (USDT). Ardoino said: “Bitfinex is able to raise 1b USDt in 10 days, in a private sale. Private companies, giants in our industry and outside, made investments for > 100m each.
Two of the most popular cryptocurrency exchanges, Binance, and Coinbase, have both seen around 1 million unique daily visits in April, with many believing Bitcoin’s latest price surge caused the websites’ visits to jump 13 and 27 percent, respectively.
StormX, a popular gamified microtask platform based in Seattle, has recently patented innovative micropayments technology that allows for better scalability by creating a hybrid solution of off and on chain transactions using bolts and Storm Token, the company said in a press release shared with CryptoSlate.
Altcoins across the board—including Ethereum, Bitcoin Cash, Litecoin, EOS, and Binance Coin—are surging as Bitcoin makes its ascent past $7,000. Altcoins depreciate as bitcoin surges Altcoins have been hemorrhaging capital as bitcoin climbed from $5,687 on May 7 to $6,343 on May 11—an 11.5 percent increase.
Bitcoin recently hit new highs of $7,000 and altcoins are beginning to follow after several days of depreciation. One of those coins, ethereum, has managed to surge 16 percent over the last 24-hours. Is there more bullish momentum to come?
It’s a packed house at Consensus.
What’s changed about Bitcoin since the last time it hit $7,000 (Nov. 2, 2017)?
Featured blockchain companies
Thanks to the following companies for their support:
🌊 Seattle Devcon Blockchain - June 28-30 in Bellevue, WA U.S. - Join us at this accessible and inclusive event for blockchain beginners and advanced level topics.
🚀 OpenCrowd - a design and technology firm creating custom blockchain business solutions for global clients and early startups
⚡️ Blockstation - a leading Canadian FinTech company founded in 2014, provides one of the first digital asset trading solutions for stock exchanges.
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Disclaimer: None of the content in this newsletter is meant to be financial advice. Please do your own due diligence before taking any action related to content within this article.